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Xyte logo — The only platform that turns your hardware into services

Xyte

The only platform that turns your hardware into services

Founded 2019 United States Mountain View, United States 50 employees Series A Total: $49.50M Cloud Infrastructure, Hardware

General Information

Company Name Xyte
Founded Year 2019
Location United States Mountain View, United States +3
Founders / Decision Makers
Team member
Employees 50
Industries Cloud Infrastructure, Hardware
Funding Stage Series A
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About Xyte

Xyte is a pioneering startup in the hardware industry, aiming to revolutionize the landscape with its innovative Device Cloud platform. Founded in 2020 and headquartered in Israel, Xyte has garnered significant attention in the investment realm, having received a substantial $30.00M Series A investment on 16 January 2024. Notable investors in this round include Intel Capital, Samsung NEXT, Mindset Ventures, and S Capital VC. The company's slogan "The only platform that turns your hardware into services" encapsulates its core offering. Xyte's Device Cloud is a comprehensive servitization platform geared towards device and hardware manufacturers. It empowers original equipment manufacturers (OEMs) from various industries to embark on their digital journey, transforming their devices into integrated business solutions incorporating hardware, software, and services. The platform's fully-federated nature facilitates the end-to-end management of device lifecycles, from initial deployment to aftermarket sales. Xyte's suite of out-of-the-box applications encompasses asset management, remote support, ecommerce and subscription management, financing, as well as a robust and secure back office suite. These offerings enable OEMs to bolster revenue, drive market growth, enhance operational efficiencies, gain real-time insights into equipment and device performance, and foster enduring customer relationships. By offering a tailored business and commerce platform specifically for IoT device manufacturers, Xyte is poised to make substantial waves in the hardware industry, leveraging its recent significant investment to further propel its innovative solutions.

Taxonomy: servitization platform, connected devices, hardware-as-a-service, cloud platform, OEMs, business solutions, remote support, ecommerce, subscription management, revenue growth, operational efficiency, customer relationships

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing •••••• 1
Investor
16 Jan 2024
Series A •••••• 4
Investor Investor Investor Investor
16 Jan 2024
Seed Round •••••• 1
Investor
06 Sep 2022
Non Equity Assistance •••••• 1
Investor
26 Apr 2022
Seed Round •••••• 2
Investor Investor
01 May 2021

Xyte Alternatives & Competitors

Xyte vs
SyncPro
SyncPro United Kingdom

Xyte offers cloud services to hardware manufacturers for customer engagement and subscription-based...

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Xyte vs
SMAHO
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Xyte vs
MDOP - Medical Device Operational Platform
MDOP - Medical Device Operational Platform Germany

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Compare Xyte vs MDOP - Medical Device Operational Platform

FAQ About Xyte

The only platform that turns your hardware into services
Xyte was founded in 2019.
Xyte is headquartered in Mountain View, United States.
Xyte operates in the following industries: Cloud Infrastructure, Hardware.
Xyte has approximately 50 employees.
Xyte has completed 5 funding rounds, raising a total of $49.50M. The latest funding stage is Series A.
Top alternatives and competitors to Xyte include SyncPro, SMAHO, MDOP - Medical Device Operational Platform, FutureDial, Incorporated, Ready for Sky LLP. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Xyte and SyncPro are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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